From Yahoo Finance: 2025-04-04 17:19:00

President Trump’s reciprocal tariff announcement is impacting global stock markets, raising recession risks. Goldman Sachs predicts a 35% chance of recession in the next 12 months and revised GDP forecast to 1%. China and Europe may impose retaliatory tariffs, dampening consumer sentiment and potentially tipping the US into recession.

Hardman Johnston Global Equity Strategy highlights Bank of America (BAC) as a key player in the banking sector, benefiting from a lower regulatory environment. BAC is well-capitalized, with potential for share buybacks. The bank’s diversified business model and growth opportunities make it a promising investment for the future.

Steve Weiss from Short Hills Capital Partners expresses bullish sentiment towards BAC, citing deregulation benefits and potential share buybacks. He believes BAC’s strong capitalization and cheap valuation could position it as a safe haven investment. With risks concentrated in private credit portfolios, major banks like BAC offer stability.

In the midst of economic uncertainty, Bank of America (BAC) ranks 6th among top stocks to watch as investors prepare for a potential recession. While BAC shows promise, AI stocks may offer higher returns in a shorter timeframe. Consider exploring undervalued AI stocks for potential gains and diversification in your investment portfolio.



Read more at Yahoo Finance: Why This Bank Could Be a Safe Bet in 2025